https://oilprice.com/Energy/Energy-General/Russias-Plan-To-Bankrupt-US-Shale-Could-Send-Oil-To-60.amp.html

Just pray for availability of covid vaccine news out soon

If crude oil price can reach 80, 90, no problem for 50cents icon

A good start with profit quarter....this year should be improving and return of glorious oil and gas sector

looks like latest qr would be so so, price no spiked till today.....and maybe due to year end (Monsoon), less activity in the sea hence less revenue.....

This is a safe bet whether umno take over, pas, keadilan, amanah, or bn....due to ekuinas

5cnts can all in already

Just simply don't mention his name, sooner or later he will find no fun here and get gone.....

Aduiiii, we are supposed to discuss about icon outlook, future prospects, recent on going projects, etc.....end up reading all non related stuff but entertaining this rr88......??

Rowie....
I wish your words will come true too in next week .........

Latest quarter report will out soon by end of this month, better result kah.....?

some people have too much time till choose to spend time fighting here........

im still holding my rights & WA, waiting for better price.....

wow, surprised that icon-wa so much buyer q already......

Simple logic for today's roller coaster trend is that morning reflect designated share upliftment and noon reflect rights shares listing tomorrow...... don't make yourself headache for whatsoever goreng, syndicate.....

it will be delicious if it can maintain above 0.4 on this thursday......

latest quarter report should be good, people pulling price high.......

fly high....see u at rm 0.5.....or even higher....meow....

Alam maritime has more than 30 vessels while icon has around 22 vessels only...... Anyone study between these 2, in terms of sales, profit, asset, etc...... Icon score better?

Smile because 1st victim arrived already, to be conned ...........?

That's y I say see u at rm0.5

Rights subscription result boleh tahan la........

KUALA LUMPUR: Icon Offshore Bhd, an owner and operator of one of the largest fleet of offshore support vessels (OSV), raised RM247.21mil from its rights issue which was part of its debt restructuring exercise and provided the funds for its future growth.

The company announced on Thursday the rights issue was oversubscribed by 19.87% of the maximum intended gross proceeds of RM247.21mil and by 61.93% of the minimum intended gross proceeds of RM183mil.


It said the strong response to the rights issue underscored the strong and full support from shareholders.

Icon managing director Datuk Seri Hadian Hashim said the rights issue was an important element of its debt restructuring exercise, which woul enable Icon to complete the overall debt restructuring exercise before the end of its first quarter this year.


The funds raised will be used to pare down the debt as well as for working capital and capex for future growth, he said.

https://www.thestar.com.my/business/business-news/2020/02/13/icon-offshore-raises-rm247m-from-rights-issue

See u at rm 0.50

By the time I submitted cheque on last day 10Feb, asked counter whether many subscribe or not, the guy answered many, either from post or handover...... really surprised for this respond at times like this........

After 20feb sure above 0.105.....otherwise for what they selling rights to us at 0.105

Exercise Rights : Each Rights Warrant carries the entitlement, any time during the
Exercise Period, to subscribe for 1 new Icon Share, at the
Exercise Price in cash, subject to adjustments in accordance
with the provisions and conditions of the Deed Poll.
Board Lot : For the purpose of trading on Bursa Securities, 1 board lot of the
Rights Warrants shall comprise of 100 Rights Warrants carrying
the rights to subscribe for 100 new Icon Shares at any time
during the Exercise Period, unless otherwise revised by the
relevant authorities.
Ranking of
Exercised Shares
: The Exercised Shares will, upon allotment and issuance, rank
equally in all respects with the Icon Shares, save and except that
the Exercised Shares will not be entitled to any dividends, rights,
allotments and/or other forms of distribution where the
entitlement date of such dividends, rights, allotment is before the
issue date of the Exercised Shares.
Participating rights of
the holder of the
Rights Warrants
: The Rights Warrants holders are not entitled to vote in any
general meeting or to participate in any distribution other than on
winding-up, compromise or arrangement or offer of further
securities unless and until the holder of the Rights Warrants
becomes a shareholder by exercising his/her Rights Warrants
into new Icon Shares.
Adjustments in the
Exercise Price
and/or number of
unexercised Rights
Warrants
: The Exercise Price and/or number of unexercised Rights
Warrants shall from time to time be adjusted by the Board in
consultation with licensed investment bank and/or certified by
our Company’s auditors under certain circumstances, amongst
others, in the event of alteration to our Company’s share capital,
capitalisation of profits or reserves, capital distribution or issue

Issue Size : Up to 588,592,550 Rights Warrants.
Form and
denomination
: The Rights Warrants will be issued in a registered form and
constituted by the Deed Poll.
Exercise Period : The Rights Warrants may be exercised at any time within a
period of 8 years commencing on and including the date of
issuance of the Rights Warrants (“Rights Warrants’ Issue
Date”) and ending on the close of business at 5.00 p.m. on the
last Market Day immediately date preceding the date which is
the 8th anniversary of the Rights Warrants’ Issue Date.
Mode of exercise : The registered holder of the Rights Warrants is required to lodge
a duly completed and signed exercise form, as set out in the
Deed Poll, with our Share Registrar together with the payment
of the Exercise Price by way of banker’s draft or cashier’s order
drawn on a bank operating in Malaysia or a money order or
postal order drawn on a bank or a post office in Malaysia in
accordance with the Deed Poll.
Mandatory
conversion
: Any Rights Warrants which are not exercised during the
Exercise Period will thereafter lapse and cease to be valid for
any purpose.
Exercise Price : RM0.165 subject to adjustments in accordance with the
provisions and conditions of the Deed Poll.

Be optimistic, anything can happen bro.....cheers

Any target price on or after 20Feb ? My target price is rm0.6

To say whether icon is heading to PN17 will depend on how they can improve their debts level this time.....profit is improving, supposedly, asset is more than liabilities, and still having over than 20mil.cash.......

After 20Feb, if its price at below 0.105, it means I had wasted my time to go to bank to do bank draft, bought stamp from post office and handover to symphony office today......since I can buy below 0.105 after 20Feb.........

I have no choice but subscribed, if I give up the rights, it will take forever to get back my initial investment based on my mother shares left in hand.....

Adui, I already put in close to rm20k last time, after consolidation, worth close to 0 already....today just in already rm5k for rights.....total rm25k.......my rm5k is hoping to get back some losses from previous rm20k......god bless.......

Don't think will oversubscribed, many people run out of money nowadays...

Rights issue : Take it
Result = get back some small portion of previous investment (when price up)
OR
additional money being locked into this icon somemore (when price down)........

Rights issue : Give up
Result = lost all, end of story, lesson learned

How to choose...............

The thing is, I plan to get back at least some portion of my losses in this icon only......but worrying this rights will bring my money buried deep into somewhere of nowhere..........

If I plan to hold for years, I don't mind subscribe

This is one of my hardest decision making in my lifetime.......

In fact, I still have tomorrow or next Monday to decide.....to buy my rights or not .....

Let u subscribe at 0.105, trap your hard earned money by maintaining price below 0.105....

Feeling based on past icon shares record, con us small shareholders to max..... From ipo till consolidation, maybe rights issue is their subsequent episode of con action......

https://oilprice.com/Energy/Energy-General/Crashing-Copper-Prices-Spell-Trouble-For-Oil.amp.html

jaynetan

My feeling only....

And high chance they will make sure price below 10cents after 10 or 20Feb.........

Icon88_

not hater bro.......i myself bought around RM 12K during IPO........ hold till last year, averaged down to around RM 0.5....total investment around RM 19K........and now almost zero after consolidation...... last chance to get back some initial investment is to subscribe their rights, for sure cannot earn from this counter........

Based on recent market condition.....do you think icon business will doing good ?

Unless one is willing to hold for at least years till icon business improving

Maybe icon business will not improving much lately......

With latest virus, guess crude oil production will pile up......coupled with low demand from big buyer like China........